Stebbins Transferred a Promissory Note to Hall When the Note

question 49

Multiple Choice

Stebbins transferred a promissory note to Hall when the note was past due. Hall knew that the note was past due. This transfer

• A) did not make Hall a holder in due course.
• B) relieved the maker from liability.
• C) limited the maker's liability.
• D) gave Hall better title than Stebbins held.

Explain the rationale and effects of emissions taxes and tradable emissions permits.

Understand the effects of positive externalities on the level of production and consumption in the absence of government intervention.

Understand the characteristics of monopolistic competition, including product differentiation and market entry/exit conditions.

Differentiate between monopolistic competition and other market structures such as perfect competition, monopoly, and oligopoly.